Paymentus Holdings Correlations

PAY Stock

USD 36.44 0.13 0.36%

The current 90-days correlation between Paymentus Holdings and EngageSmart LLC is -0.09 (i.e., Good diversification). The correlation of Paymentus Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Paymentus Holdings Correlation With Market

Weak diversification

The correlation between Paymentus Holdings and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paymentus Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paymentus Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Paymentus Stock please use our How to Invest in Paymentus Holdings guide.

Moving together with Paymentus Stock

0.84	EHGO	Eshallgo Class A Downward Rally	Pair Corr
0.74	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.7	ASAN	Asana Inc	Pair Corr
0.86	CWAN	Clearwater Analytics	Pair Corr
0.79	WMT	Walmart Aggressive Push	Pair Corr
0.9	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.74	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.73	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.91	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.67	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Paymentus Stock

0.83	KO	Coca Cola Aggressive Push	Pair Corr
0.81	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.55	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.38	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	ESMT	EVTC	BASE	FLYW	IIIV	ACIW	RELY	EVCM	GB	IMXI
ESMT		0.39	0.27	0.33	0.59	0.65	0.49	0.4	0.22	0.32	ESMT
EVTC	0.39		0.59	0.75	0.58	0.81	0.64	0.75	0.43	0.79	EVTC
BASE	0.27	0.59		0.76	0.57	0.58	0.62	0.6	-0.03	0.54	BASE
FLYW	0.33	0.75	0.76		0.72	0.7	0.85	0.81	0.35	0.89	FLYW
IIIV	0.59	0.58	0.57	0.72		0.78	0.8	0.8	0.3	0.62	IIIV
ACIW	0.65	0.81	0.58	0.7	0.78		0.75	0.8	0.31	0.72	ACIW
RELY	0.49	0.64	0.62	0.85	0.8	0.75		0.87	0.46	0.76	RELY
EVCM	0.4	0.75	0.6	0.81	0.8	0.8	0.87		0.38	0.79	EVCM
GB	0.22	0.43	-0.03	0.35	0.3	0.31	0.46	0.38		0.41	GB
IMXI	0.32	0.79	0.54	0.89	0.62	0.72	0.76	0.79	0.41		IMXI
	ESMT	EVTC	BASE	FLYW	IIIV	ACIW	RELY	EVCM	GB	IMXI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IMXI	+ 0.89	FLYW
EVCM	+ 0.87	RELY
RELY	+ 0.85	FLYW
ACIW	+ 0.81	EVTC
EVCM	+ 0.81	FLYW
RELY	+ 0.8	IIIV

High negative correlations

- 0.03

BASE

Risk-Adjusted Indicators

There is a big difference between Paymentus Stock performing well and Paymentus Holdings Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Paymentus Holdings' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ESMT	1.57	0.13	(0.01)	(0.54)	1.90	(1.59)	3.90	(2.93)	9.34
EVTC	1.19	0.04	0.03	0.15	1.49	(1.25)	2.43	(2.30)	7.67
BASE	2.32	0.07	0.04	0.16	3.62	(2.33)	5.12	(4.51)	20.08
FLYW	2.00	0.39	0.19	0.52	1.72	(2.50)	5.02	(2.85)	19.12
IIIV	1.59	0.00	0.02	0.12	1.93	(1.67)	3.23	(3.03)	10.92
ACIW	1.45	0.13	0.11	0.21	1.46	(1.71)	3.72	(2.98)	12.56
RELY	1.84	0.63	0.41	2.03	0.83	(2.52)	4.10	(2.04)	19.90
EVCM	1.34	0.04	0.06	0.15	1.66	(1.53)	3.46	(2.45)	13.03
GB	2.58	0.41	0.08	2.31	3.34	(2.87)	4.72	(4.64)	23.79
IMXI	1.38	0.21	0.15	0.31	1.24	(1.68)	3.03	(1.76)	13.65

Paymentus Holdings Corporate Management

Gerasimos Portocalis	Chief Commercial Officer	Profile
Paul Seamon	VP Strategy	Profile
Andrew Gerber	G Sec	Profile
Adam Malinowski	Independent Director	Profile
Jason Klein	Independent Director	Profile

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